Analyst Prep For Ethereum Rally As ETH’s Technicals Flip Bullish

Ethereum Poised To Run All eyes have been on Bitcoin, but some analysts think you would be remiss not to notice Ethereum (ETH). The popular cryptocurrency has underperformed Bitcoin, rallying by 100% year-to-date compared to Bitcoin’s 130%, but some are sure that ETH has upside potential. Case in point, Ethereum’s one-day chart is about to see its 100 exponential moving average (EMA) and 100 simple moving average (SMA) cross over. As per a tweet from Brave New Coin’s Josh Olszewicz, the last time the asset saw a bullish cross in…

Analyst: Bitcoin (BTC) Bulls Near Exhaustion, Investors Should Be Wary

For the umpteenth weekend in a row, the cryptocurrency market has rallied. On Sunday morning, Bitcoin (BTC) shot up by some 3%, with the asset breaking past a short-term resistance level. Despite this occurrence, which most analysts see as a signal that the ball is clearly in the bulls’ court, there have been some that are still wary of an impending correction. Related Reading: Bitcoin (BTC) Price Weekly Forecast: Technical Bias Signaling Fresh Increase Chances Of Bitcoin Correction Growing According to a recent Twitter post from Josh Olszewicz, an analyst…

Binance DEX Will Geoblock Users From 29 Countries, Including the US

The decentralized exchange (DEX) developed by major cryptocurrency exchange Binance will block access to users based in 29 countries. The DEX informs potential users of the restriction via a message that appears when accessing the platform from one of the regions. The message appearing on the platform states: “It seems you are accessing www.binance.org from an IP address belonging to one of the following countries: USA, Albania, Belarus, Bosnia, Burma, Central African Republic, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, the Crimea region of Ukraine, Croatia,…

Bitcoin Price Rallies to $8,800, Surges 9% in 3-Day Recovery

By CCN: Within the past three days, since May 31, the bitcoin price has climbed from $8,000 to $8,800, demonstrating a strong sign of recovery in a 9.5 percent rally and pushing the rest of the crypto market to the upside. On major regulated crypto asset exchanges like Bitstamp, the bitcoin price dropped to as low as $8,000 on last Friday, sparking fears of a potential decline below $7,000 in an anticipated pullback. The bitcoin price has recovered by nearly 10 percent in the past three days in a poweful…

Bitcoin (BTC) to Soar as China Capital Flight Fears Take Hold

The trade war is going from bad to worse and contrarian investors will have noticed that that is usually good news for bitcoin. Currently trading at $8,793, up 2.73% in the past 24 hours according to coinmarketcap, the drop below $8,200 witnessed earlier in the week seems a distant memory. Keeping abreast of the bitcoin market right now, means watching like a hawk the dollar-yuan exchange rate. That’s an opinion shared by Arthur Hayes, the chief executive of BitMEX exchange – although registered in the Seychelles BitMEX’s operations are based…

Tron (TRX) Price Goes 28% Up This Weekend in a Bulls***t Wacko Rally

By CCN: Want to pump an asset’s market capitalization by more than 650 million in just two days? Then learn from Justin Sun. The chief executive of Tron Foundation said last week that he would publish a big announcement after June 1. Nobody exactly knew what the revelation would be: a Godzilla or a Bambi, but the price of Tron’s blockchain token of the same encashed the hype pretty well. The TRX rate today surged to $0.041 on Binance, its highest in 10 months. The move took Tron’s weekly gains…

Top 5 Crypto Performers: BSV, TRX, ATOM, MIOTA, ETC, NEXO*

Even after the recovery from the lows, major cryptocurrencies continue to surge. Can the top five performers extend their upwards move? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Public trust towards establishments and large corporations has been on a decline. Sheila Warren, head of Blockchain and Distributed Ledger Technology at…

Bitcoin is for Suckers – Fight Me

By CCN: There are countless reasons why bitcoin and cryptocurrencies rank among the biggest bubbles in history and the dumbest places to put your hard-earned money. Bitcoin Investors Don’t Consider Volatility Bitcoin return or cryptocurrency return compared to stock market return means nothing unless one considers volatility. Volatility is risk. The fatal mistake investors make is that they look at bitcoin, cryptocurrency, or stock market performance in a vacuum, when they must always be viewed in context with risk. This is a chart comparing 1-year volatility percentages across all investments (and…

Bitcoin is for Suckers – Fight Me

By CCN: There are countless reasons why bitcoin and cryptocurrencies rank among the biggest bubbles in history and the dumbest places to put your hard-earned money. Bitcoin Investors Don’t Consider Volatility Bitcoin return or cryptocurrency return compared to stock market return means nothing unless one considers volatility. Volatility is risk. The fatal mistake investors make is that they look at bitcoin, cryptocurrency, or stock market performance in a vacuum, when they must always be viewed in context with risk. This is a chart comparing 1-year volatility percentages across all investments (and…

Bitcoin’s Overnight Crash Doesn’t Stop Experts From Remaining Macro Bullish

On May 30, overnight, the valuation of the crypto market dropped by $19 billion as the price of bitcoin (BTC) briefly dropped from $9,000 to $8,000 — a staggering 11% within a few hours on exchanges like Bitstamp. The drop of bitcoin to $8,000 was not visible on charts of market data providers like CoinMarketCap because the movement occurred in a short time frame. Bitcoin’s price immediately recovered to $8,300 following its abrupt decline, relieving some of the pressure from the rest of the crypto market and continues to rise…